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Question about interest
If (hypothetically speaking) you discovered a 20 year old bank account, how would the interest be calculated on any savings in the account? Would the bank use the current interest rate to calculate compound interest, or would it use historic rates from each year? Sorry if this is a stupid question:confused: - very grateful…
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Cost of selling gold
What are the costs incurred when you sell gold?
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Voting rights on joint accounts
My wife and I hold several Building Society accounts in joint names. Over the last few weeks I have received six notifications of AGMs and invitations to attend the meeting or register a vote on the various motions. However, all the correspondence has been addressed to me personally, and none to my wife, meaning that we…
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Current Account
Is it possible to have more than one current account with the same bank? What i mean is: I currently have a Current Account with the Halifax with a fair bit of money in it. What I have noticed, probably along with every other bank, is that they only give you a decent interest on something like the first £2000 and then…
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made redundant can i live off 170k.
:confused: ive just been made redundant at 54 with little hope of a job in the forseeable future. I claim £60 a week jobseekers allowance, have a pension pot of 35k and £135k in savings. Can someone please advise me on how to invest this money to enable me to have some income. My mortgage will be paid off later this year…
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OK then, who's brave?
Who's prepared to put their neck on the line, and predict when interest rates are going to rise again to above, say, 4%? Be bold people! (Don't worry, we won't hold you to anything! - I'm just very interested in finding out how people are predicting this all to go...)
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Quick question - closing savings account
Hi - I'm new so please be nice Just wanted some advice on closing a savings account - its an old flexible saver account with abbey - interest rate is something pathetic 0.01% I think? I don't have much money in there as most of my savings goes in my ISA but like to have a bit aside for emergencys so I don't have to take…
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Savings advice
Ok here is my situaton at the moment. I have 28,000 in Premium Bonds I have an 18k loan I don't want to loose the loan completely for various reasons but want to get the payments down to around £200 saving £100 a month. We have an appointment with the bank on Saturday to go through some things. My plan is: Pay £8k…
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Im a bit confused with my savings can anyone help
Ive got my last years Isa with Barclays 6k in a fixed rate account with them at 6% tied in till June then the intrest will fall to pennies Ive also got this years ISA allowence to use still Would I be better to wait till June take the 6k out plus lasy years ISA and this years ISA money and put it all inot one fixed rate…
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Poor savings rates for the under 16s ? Why cant they have ISAs ??
I am trying to find the best place to invest a few thousand pound, which is my Childs Savings (currently only 0.95% (tax free) on 4K in the Nationwide ). :mad: It seems you have to be 16 or over to have an ISA (where he could get a rate of 3%) is this correct?? If so will I be better off transferring it into my name (I…
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If you had £50k you could afford to lose in this recession...
...how would you invest it? and do you think it could make you rich in ten years time assuming we're out of the recession by then?
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What are they playing at?
When my mother died 20 years ago, all her assets were divided equally between the grandchildren which would be paid out to them when they each reached 25. My youngest son who is the youngest grandchild, is now 25, and has had nothing but trouble trying to claim his share. Apparently, his money was reinvested a few years…
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I found a NS Bank Savings Account Book!!
Started in 1987, and the last action it saw was my Birthday in 1997. Were now in 2009, and there is £8.24 in there, so how do I take it out? Its an Ordinary Account, so nothing special. I looked on the NS&I website and it said 0.10% Interest, which is rubbish, but Im not really complaining, because its a few extra quid in…
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Finding the right ETFs for Currency & Rates positions
Hi Any etf experts out there? I spend a lot of time following the markets and for my own portfolio wish to hold the following positions: Currency: Long AUD Long BRL Short CHF Short EUR Rates: Long US Rates* (i.e. make money if rates go down) *in short end of the curve i.e. 3 month futures e.g 30 day CBOT fed fund futures…
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ETF Trading, best online broker?
Hi Can anyone recommend an online broker who offers a comprehensive range of ETFs? I currently use H&L but am unable to find a number of etfs on there to trade e.g. CurrencyShares FXA. Many thanks
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Help...is this £50k invested safely...I've got 4 days to cancel it...
My brother has just left the country, maybe for good, and ive just been given £50k in investments... 2 of them are at £12.5k each and are a 3 and 4 year Barclays Defined Returns Plan through Woolwich Plan Managers the other is a £25k with profit IPG plan..with Norwich Union I read in the correspondence that being a…
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Stick with ISA, or get lower mortgage
Hi, My wife and I have around £25k in a cash ISA. As we are about to move house and get a larger mortgage, we're wondering whether we should keep our savings in the cash ISA, or whether we should use these savings to fund more of the purchase so that we have a lower mortgage. On current rates, the mortgage interest rate is…
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Investment Fund Advice
Hi, I am considering investing in a few retail funds, though I will need to engage professional help in making my choices as I have no expertise in that area. Should I expect to pay fees for such a service or do investment advisors typically operate on a fees-free model like mortgage advisors? And what level of analysis…
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Best place to stick 1000 for a rainy day?
Hi, I have 1000 to stick in a savings a/c and I want it to be somewhere where I can use it for emergencies so I don't want it tied up anywhere inaccessible. Could anyone advise on a good high interest instant access savings account or some other kind of investment pot? Thanks
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Opinions on best Savings Acct (not ISA)
Do people have any opinions on which Savings Accts (ignoring ISAs) offer the best interest rate ? Giving notice before withdrawals isn't an issue. I have an ISA lined up so was hoping for some suggestions on which Savings other people are using. Thanks in advance!
